Bitcoin, stocks swing as markets react to CPI data

Bitcoin price was trading sideways after hitting highs of $22,300, with major US indexes also down. The markets’ reaction comes after hotter-than-expected inflation data for the first month of 2023. US CPI rose 0.5% over the month and 6.5% year-over-year. Bitcoin was holding just above $22,000 at around 11:00 am ET, with the flagship cryptocurrency […]

Crypto stocks outlook ahead of FOMC meeting

Bitcoin miners Core Scientific rose 33% as stocks of Bitfarms, Stronghold Digital, CleanSpark all ended the past week higher. Coinbase and Robinhood shares also rose as Bitcoin broke above $23,000. FOMC meeting is this week and the market reaction will be key to what next for Bitcoin and crypto stocks. A number of crypto-related stocks […]